BiggerPockets Real Estate Podcast - The BRRRR Method for Beginners (FULL BRRRR Deal Walkthrough)

The BRRRR method can be taught by no one better than David Greene, author of "Buy, Rehab, Rent, Refinance, Repeat", and adorably dubbed “Sir BRRRR” by co-host Rob Abasolo. While David may be a master of BRRRR budgets, schedules, and rehabs, Rob isn’t as familiar with doing full-on buy, rehab, rent, refinance, and repeat rentals. To not only help out Rob but the BiggerPockets audience as a whole, David does a full walkthrough on his latest BRRRR. This hillside property situated in David’s native San Francisco Bay Area has huge potential to become a cash-flowing, equity-increasing deal. David is turning this large home into multiple smaller units that will rent out to A-class tenants and should net him a six-figure equity boost simply by doing these cash-flow-first renovations. David walks through exactly how to find BRRRR properties, telltale signs of a good (or bad) BRRRR deal, how to use the BiggerPockets BRRRR calculator, funding options for your BRRRR (from David's broker!), writing up a contractor scope of work (SOW), and how to build cash flow when there isn’t any to be found. You’ll also hear how David had a surprise run-in with the cops when walking this property. Action, excitement, and lots of equity are all coming up in this episode! ~~~~ Sign Up for BiggerPockets Pro with Code “REPOD21”: https://www.biggerpockets.com/proupgrade?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Grab David’s Book “Buy, Rehab, Rent, Refinance, Repeat”: https://store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Use the BiggerPockets Calculators on Your Next Deal: BRRRR Calculator: https://www.biggerpockets.com/brrrr-calculator?utm_source=youtube&utm_medium=description&utm_campaign=none Rent Estimator: https://www.biggerpockets.com/insights/property-searches/new?utm_source=youtube&utm_medium=description&utm_campaign=none Rehab Estimator: https://www.biggerpockets.com/rehab-estimator?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Grab J Scott’s “The Book on Estimating Rehab Costs”: https://store.biggerpockets.com/products/the-book-on-estimating-rehab-costs?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Hear Our Interview with David Greene’s Agent Johnny Hoang: https://www.biggerpockets.com/blog/real-estate-583?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect, Learn, and Finance Your Deal with David: Invest: https://www.investwithdavidgreene.com/ Learn: https://davidgreene24.com/ Get a Mortgage: https://www.the1brokerage.com/ ~~~~ Connect with Rob (Roubilt) on Youtube, Instagram, and Tiktok: Youtube: https://www.youtube.com/c/Robuilt Instagram: https://www.instagram.com/robuilt/ TikTok: https://www.tiktok.com/@robuilto Twitter: https://mobile.twitter.com/robuiltchannel ~~~~ Connect with David and Rob on BiggerPockets: David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow David on Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/ Episode 598 Show notes at: https://www.biggerpockets.com/blog/real-estate-598?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 40:13 Financing Your BRRRR Deal 49:50 Commit. Go Pro. Get a Deal 57:01 How Sir BRRRR Funds His Deals